Lifetime Math

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Lifetime Math

• Presenting Personal Finance Topics in a Fun and
  Engaging Setting

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The Case for Personal Finance Literacy

• The Jumptart Coalition for Personal Finance
  Literacy conducts a financial literacy survey of
  high school seniors nationwide.
• According to the latest survey conducted in 2004
• The average senior answered only 52.3 of the
  questions correctly
• 65.6 percent of all students failed the exam

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The Case for Personal Finance Literacy

• Adults dont fare much better
• Over 40 of families live on 110 of their income
• The average credit card balance for the age
  between 45 and 64 is 6,094
• 75 of credit card holders have maxed out at
  least one credit card during the past year
• It takes decades to pay off a 3000 credit card
  balance if you pay only the minimum each month

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The Case for Personal Finance Literacy

• The future is bleak
• 23 of Americans dont save anything at all for
  long-term goals (i.e. education, retirement)
• Between 25 and 56 million adults are unbanked
• More than half of all workers between 45 and 54
  had no retirement savings at all

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The Case for Personal Finance Literacy

• Young adults are suffering as well
• Personal bankruptcies were up 19 in 2002 over
  2001
• The fastest growing group declaring bankruptcy is
  young adults age 20 to 24
• Nearly 1 in 7 households filed bankruptcy over
  the past decade
• More people will file for bankruptcy this year
  than will graduate from college or file for
  divorce

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What Can We Do?

• The Jumptart Coalition believes that all young
  adults need to have the financial literacy
  necessary to make informed financial decisions
• It can all start with you!

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Jumpstart Recommendations

• INCOME
• Students will be able to
• Identify sources of income
• Analyze how career choice, education, skills, and
  economic conditions affect income
• Explain how taxes, government transfer payments,
  and employee benefits relate to disposable income

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Jumpstart Recommendations

• MONEY MANAGEMENT
• Students will be able to
• Explain how limited personal financial resources
  affect the choices people make
• Identify the opportunity cost of financial
  decisions
• Discuss the importance of taking responsibility
  for personal financial decisions
• Apply a decision-making process to personal
  financial choices

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Jumpstart Recommendations

• MONEY MANAGEMENT
• Students will be able to
• Explain how inflation affects spending and
  investing decisions
• Describe how insurance and other risk-management
  strategies protect against financial loss
• Design a plan for earning, spending, saving, and
  investing
• Explain how to use money-management tools
  available from financial institutions

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Jumpstart Recommendations

• SPENDING AND CREDIT
• Students will be able to
• Compare the benefits and costs of spending
  decisions
• Evaluate information about products and services
• Compare the advantages and disadvantages of
  different payment methods
• Analyze the benefits and costs of consumer credit

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Jumpstart Recommendations

• SPENDING AND CREDIT
• Students will be able to
• Compare sources of consumer credit
• Explain factors that affect creditworthiness and
  the purpose of credit records
• Identify ways to avoid or correct credit problems
• Describe the rights and responsibilities of
  buyers and sellers under consumer protection laws
  

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Jumpstart Recommendations

• SAVING AND INVESTING
• Students will be able to
• Explain the relationship between saving and
  investing
• Describe reasons for saving and reasons for
  investing
• Compare the risk, return, and liquidity of
  investment alternatives
• Describe how to buy and sell investments

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Jumpstart Recommendations

• SAVING AND INVESTING
• Students will be able to
• Explain how different factors affect the rate of
  return of investments
• Evaluate sources of investment information
• Explain how agencies that regulate financial
  markets protect investors

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How Can Lifetime Math Help?

• Provides up to date personal finance curriculum
  in a technologically advanced format
• Covers all the Jumptart curriculum suggestions
  as well as many more useful and important topics
• Gives teachers the opportunity to use many
  assessment tools in order to reach every learner
• Includes enough material to create a year long
  course for all students or especially for the
  non math students

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Lifetime Math Structure

• PowerPoint presentations for each days lesson
  including textual information as well as
  mathematical examples
• Printable worksheets to cover the days material
  formats include several levels of learning and
  comprehension
• Real world projects to assess and enhance the
  learning in each unit

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Lesson Example

• The following example is a one day presentation
  from the unit on insurance
• It is often helpful to print out and distribute
  the presentation ahead of time so the students
  can follow along and use it for reference
• Auto Insurance Claims

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Lesson Example

• The following example is a one day presentation
  from the unit on budgeting
• This presentation is very interactive between the
  teacher and the students
• The worksheet can be done independently, in
  pairs or as an entire class activity
• Goal Setting

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Income Project

• The following project is a project designed to
  give the students an opportunity to evaluate
  different ways people are paid and the benefits
  and drawbacks to the different income sources
• Students compare three different careers that can
  be pursued with only a high school diploma and
  little or no outside training

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Spending Project

• The following project is a fun project designed
  to give the students an opportunity to evaluate
  their income and spending patterns
• Students record their income and spending for
  many weeks and then create a fun and informative
  poster to demonstrate the patterns
• Includes several mathematical concepts including
  data, percents and graphing

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Travel Project

• This is an example of a cooperative learning
  project
• Many of these projects are included as part of
  the curriculum
• Students are required to each complete an
  individual component to contribute to the final
  product for accountability and individual grading

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Lifetime Math Outline

• Each Unit Includes
• Project for students to complete throughout the
  unit or in several class days
• PowerPoint presentations for each days topic
• Worksheet or reflection topics for each day
• Test

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Lifetime Math Outline

• Unit 7-Housing
• Unit 8-Travel
• Unit 9-Insurance
• Unit 10-Budgeting
• Unit 11-Consumer Fraud

• Unit 1-Income
• Unit 2-Banking
• Unit 3-Revolving Credit
• Unit 4-Installment Debt
• Unit 5-Taxes
• Unit 6-Saving and Investing

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Advantages of Lifetime Math

• Up to Date Material that changes as fast as
  personal finance topics
• No Heavy Books to carry around for the teacher or
  the students
• Perfect for Students with Special Needs as they
  can have the notes printed for referencing during
  lecture time
• Wonderful Real World Application for those
  students who do not see a need for math in their
  everyday lives

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What You Get with Lifetime Math

• Your Lifetime Math CD will contain the following
  things
• PowerPoint Presentations for each days lesson
• Worksheets and reflection starters for each days
  lesson
• Projects for each unit with rubrics or answer
  keys
• Project database to see actual student work
  before you assign the project
• Detailed unit outlines with presentation
  suggestions as well as flags for possible student
  confusion

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For More Information

• Lifetime Math
• Megan Lawrence
• 316-253-8696
• lifetimemath_at_hotmail.com
• Visit me after the presentation for information
  on receiving a demo disk!
• Pricing based on school enrollment.